Michigan announces many head coaches to take salary reductions during upcoming fiscal year
As a cost-cutting measure during the COVID-19 pandemic, the University of Michigan Athletic Department announced that “many head coaches” will take salary reductions for the upcoming fiscal year. A statement from the school was released on Monday.
Among the individuals to take pay cuts are head football coach Jim Harbaugh, head men’s basketball coach Juwan Howard and athletic director Warde Manuel. They will all take a 10 percent reduction in pay as the school deals with revenue losses due to the pandemic.
“As part of the expense reduction initiatives, Warde Manuel, senior-level administrators, and many head coaches, including football coach Jim Harbaugh and men’s basketball coach Juwan Howard, will accept 10 percent salary reductions from August 1, 2020, through the end of the fiscal year,” the statement said.
“Full-time staff members earning between $50,000-$100,000 will have salaries reduced by five percent, and employees earning between $100,001-$150,000 will have wages reduced by 7.5 percent during the same period. Staff earning less than $50,000 will not see any reduction in pay.”
No other head coaches were mentioned in the statement from Michigan.
The University of Michigan is the latest school to impose salary reductions for prominent coaches within the athletic department. Several other schools have been forced to take similar measures due to the pandemic.